Sdi Productions Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: SC325190 (Scotland)

Unaudited Financial Statements

for the Period 1 June 2018 to 30 November 2019

for

Sdi Productions Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Ms S Henrici

Ms N Mendelle

REGISTERED OFFICE:

6b Canaan Lane

Edinburgh

EH10 4SY

REGISTERED NUMBER:

SC325190 (Scotland)

ACCOUNTANTS:

Smart Advice Limited

7 Falcon Avenue

Edinburgh

EH10 4AL

FIXED ASSETS

Tangible assets

4

-

826

CURRENT ASSETS

Stocks

5,712

23,046

Debtors

5

228,876

230,354

Cash at bank

18,712

16,014

253,300

269,414

CREDITORS

Amounts falling due within one year

6

115,226

151,188

NET CURRENT ASSETS

138,074

118,226

TOTAL ASSETS LESS CURRENT LIABILITIES

138,074

119,052

PROVISIONS FOR LIABILITIES

15,300

15,525

NET ASSETS

122,774

103,527

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

122,772

103,525

SHAREHOLDERS' FUNDS

122,774

103,527

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 November 2019.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 November 2019 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 November 2020 and were signed on its behalf by:

Ms S Henrici - Director

1.	STATUTORY INFORMATION

Sdi Productions Ltd is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

33% on cost

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation

Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL (2018 - NIL).

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 June 2018

and 30 November 2019

22,160

DEPRECIATION

At 1 June 2018

21,334

Charge for period

826

At 30 November 2019

22,160

NET BOOK VALUE

At 30 November 2019

-

At 31 May 2018

826

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.19

31.5.18

£

£

Trade debtors

18,918

65,057

Other debtors

209,958

165,297

228,876

230,354

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.19

31.5.18

£

£

Trade creditors

36,034

16,220

Taxation and social security

(35,743

)

(22,000

)

Other creditors

114,935

156,968

115,226

151,188